JAPAN: Nippon Cargo Airlines hikes rates

Nippon Cargo Airlines reached an agreement with domestic and foreign freight forwarders to increase its international air cargo rates from October. Air cargo rates for long-distance routes between Japan and Europe and Japan and the US will be lifted by some 60-100 yen (US$0.74-$1.23) per kilogram, while rates for shorter-distance Japan-Asia routes will be bumped […]


Nippon Cargo Airlines reached an agreement with domestic and foreign freight forwarders to increase its international air cargo rates from October. Air cargo rates for long-distance routes between Japan and Europe and Japan and the US will be lifted by some 60-100 yen (US$0.74-$1.23) per kilogram, while rates for shorter-distance Japan-Asia routes will be bumped up by some 20-60 yen. The hikes effectively restore air cargo rates to Europe and the US to where they were when cargo volume peaked in the spring of 2007, before the global financial crisis. The carrier was aided in its bid to boost rates by the withdrawal of Japan Airlines from the freighter business which will remove at least 10 per cent of capacity from the Japanese market. All Nippon Airways also plans to raise its air cargo rates by around 30 per cent.